Citigroup Inc. Has $6.09 Million Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Citigroup Inc. lifted its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,729 shares of the company's stock after acquiring an additional 29,784 shares during the period. Citigroup Inc. owned about 0.18% of Atlantic Union Bankshares worth $6,092,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in shares of Atlantic Union Bankshares by 5.5% in the third quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company's stock worth $325,000 after purchasing an additional 450 shares in the last quarter. UMB Bank n.a. raised its position in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company's stock valued at $42,000 after acquiring an additional 483 shares in the last quarter. GAMMA Investing LLC grew its position in Atlantic Union Bankshares by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock worth $39,000 after acquiring an additional 489 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Atlantic Union Bankshares by 5.5% during the 2nd quarter. Moors & Cabot Inc. now owns 9,532 shares of the company's stock worth $313,000 after purchasing an additional 500 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in Atlantic Union Bankshares by 2.0% in the third quarter. Trust Point Inc. now owns 25,998 shares of the company's stock worth $979,000 after purchasing an additional 513 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Price Performance

Shares of Atlantic Union Bankshares stock traded up $0.67 during mid-day trading on Monday, reaching $43.11. 1,246,248 shares of the stock were exchanged, compared to its average volume of 541,950. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 17.84 and a beta of 0.89. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $39.23 and a 200 day simple moving average of $36.92.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $358.81 million during the quarter, compared to analysts' expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the company posted $0.80 EPS. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.34 dividend. The ex-dividend date was Friday, November 8th. This is a boost from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.16%. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 56.43%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AUB shares. Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, September 13th. Keefe, Bruyette & Woods lifted their price objective on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. Finally, Raymond James decreased their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of "Moderate Buy" and a consensus price target of $42.00.

Atlantic Union Bankshares Profile

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.